Oganes Tagesian & Hnazant Tagesian Acquire Mixed-use Property In Johnston, RI For $1.1M
190 Putnam Pike, Johnston, Rhode Island 02919, United States
$1,100,000
$137/SF
Building Size
8,000 SF
Asset Type
Mixed-use
Closing
May 12, 2022
AI
The mixed-use property located at 190 Putnam Pike in Johnston, RI has been sold for a total price of $1,100,000. The transaction took place on 05/13/2022 and the property spans across 8,000 square feet. The property was acquired by Oganes Tagesian and Hnazant Tagesian from the seller, 190 Putnam LLC. The deal was facilitated by brokers Robert Fox and Mike Alves, representing Elite Commercial Realty.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Address: 190 Putnam Pike, Johnston, RI
- Market: Johnston, RI
- Buyer: Oganes Tagesian & Hnazant Tagesian
- Seller: 190 Putnam LLC
- Brokers: Robert Fox & Mike Alves - Elite Commercial Realty
- Square Footage: 8,000
- Price per Square Foot: $138
Robert Fox and Mike Alves, from Elite Commercial Realty, played a key role in facilitating the transaction as the buyer's representatives. The sale of this mixed-use asset highlights the active real estate market in Johnston, RI.
Players
Johnston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93